Empery Digital disclosed on July 10 that it sold 1,400 Bitcoin for $87.1 million from May 7 to July 10, representing 48% of its Bitcoin holdings before the transaction. The company used $10 million from the sale to repay outstanding debt on July 7 and plans to fund a $65 million investment for a 25% stake in an AI data center project. Empery Digital, formerly electric powersports maker Volcon, pivoted to a Bitcoin treasury strategy in July 2025, a corporate approach where companies hold BTC on their balance sheets as a core strategy, often using equity or debt financing to build reserves. The move reflects pressure facing Bitcoin treasury companies to balance cryptocurrency exposure with debt obligations and operational costs during market downturns.
Empery Digital Transitions from Electric Powersports to Bitcoin Treasury Strategy
Empery Digital (Nasdaq: EMPD), formerly electric powersports maker Volcon, pivoted to a Bitcoin treasury strategy in July 2025. Bitcoin treasury companies hold BTC on their balance sheets as a core corporate strategy, often using equity or debt financing to build their reserves.
The company disclosed the sale in a July 10 filing and said it sold the Bitcoin from May 7 to July 10 at an average price of $62,200 per BTC. The sale represented roughly 48% of its Bitcoin holdings before the transaction.
As of July 10, Empery held 1,514 BTC, about $73.9 million in cash and $45 million in outstanding debt. At the time of writing, Empery shares traded at $3.83, up 0.66% on the day.
Empery Digital Allocates Bitcoin Sale Proceeds to Debt Repayment and AI Investment
Empery said it used $10 million from the Bitcoin sale to repay outstanding debt on July 7. The company had previously announced plans to invest $65 million for a 25% stake in an AI data center project.
Its July 10 filing said the sale proceeds would help fund that acquisition, but did not confirm whether the investment had closed or whether the full amount had been paid. Empery also said the cash would cover elevated legal expenses related to shareholder litigation and support its ongoing operations.
Strategy Sells 3,588 BTC Between June 29 and July 5
The move adds to questions about whether Bitcoin treasury companies can maintain their accumulation strategies during market downturns. Strategy, the largest corporate Bitcoin holder, sold 3,588 BTC for $216 million between June 29 and July 5. The company said it used the proceeds to fund distributions on preferred stock and replenish its U.S. dollar reserve.
As of July 10, Strategy held 843,775 BTC. Bitcoin traded near $63,900, down about 42% from its October 2025 all-time high.
FAQ
What did Empery Digital disclose on July 10?
Empery Digital disclosed on July 10 that it sold 1,400 Bitcoin for $87.1 million from May 7 to July 10 at an average price of $62,200 per BTC, representing 48% of its Bitcoin holdings before the transaction.
Why did Empery Digital sell Bitcoin?
Empery Digital used $10 million from the Bitcoin sale to repay outstanding debt on July 7 and said the proceeds would help fund a $65 million investment for a 25% stake in an AI data center project, cover elevated legal expenses related to shareholder litigation, and support ongoing operations.
